Not going to happen because Ron Paul has a son Rand Paul in the Senate. Father will not jeopardize his son’s political career by running Third Party. If Ron Paul runs strong in the GOP primary he will get prime time to make his speech in the GOP convention. Almost every major institution/businesses in the world has fallen to the internet revolution and direct democracy. The two party system will face the same problem. In some sense Morris is right, and a future primary candidate or politician may take up the internet nomination and challenge the two party system. IMHO I think we will have a four party system as Libertarian/Conservatives vs GOP vs Dem vs Occupy Wall St Leftists.
I hope you are right and it makes sense.
I agree. Besides the points you make, Ron Paul would probably accept a Libertarian Party-Constitution Party fusion nominee if he decided to go the third party route. The group mentioned by Morris is too ideologically ill defined to be of much use to him.